David Kotok
David Kotok is the Co-Founder and Chief Investment Officer of Cumberland Advisors, a highly respected investment management firm providing expert guidance, personalized service, and portfolio solutions for both individual and institutional investors. Since the firm’s founding in 1973, Kotok has shaped Cumberland’s investment strategy, serving in key roles including CEO, Chief Compliance Officer, and Portfolio Manager. Renowned for his deep insight into global markets, he is widely regarded as an authority on identifying and analyzing the primary drivers of major economic and financial trends. Kotok has authored or co-authored five books and produced two monograph pamphlets, and his market analyses and commentaries have appeared in leading publications such as The New York Times, The Wall Street Journal, Barron’s, Yahoo! Finance, MoneyShow, and The Huffington Post.
David Kotok Professional Experience / Academic History
Professional Experience
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Founder, Chairman, and Chief Investment Officer
Academic History
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B.S., Economics
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M.S., Organizational Dynamics
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M.A., Philosophy
CURRENT AFFILIATIONS
Director and Program Chairman, Global Interdependence Center
Member, National Association for Business Economics
Member, Philadelphia Council for Business Economics
Member, Philadelphia Financial Economists Group
EARLY CAREER & PUBLIC SERVICE
David Kotok has played a prominent role in both global finance and public service. He chaired the Central Banking Series, organizing dialogues across five continents in cities including Cape Town, Hong Kong, Hanoi, Milan, Paris, Philadelphia, Prague, Rome, Santiago, Shanghai, Singapore, Tallinn, and Zambia.
Kotok has also served as a Commissioner of the Delaware River Port Authority (DRPA) and contributed to the Treasury Transition Teams for New Jersey Governors Kean and Whitman.
Additionally, he has held board positions with the New Jersey Economic Development Authority and served as Chairman of the NJ Casino Reinvestment Development Authority, bringing his financial expertise to public governance and economic development initiatives.
MEDIA PRESENCE & PUBLICATIONS
A recognized thought leader in finance, Kotok is a frequent contributor to CNBC programs, including Morning Call, Power Lunch, Kudlow & Company, Squawk on the Street, Squawk Box Asia, and Worldwide Exchange.
His financial insights and market commentary have appeared in leading publications such as The New York Times, The Wall Street Journal, Barron’s, Yahoo! Finance, MoneyShow, and The Huffington Post.
Kotok has authored or co-authored five books, including The Fed and the Flu: Parsing Pandemic Economic Shocks (2025), the second edition of From Bear to Bull with ETFs, and Adventures in Muniland.
He has also published two monograph pamphlets: Lessons from Thucydides, exploring information asymmetries and their implications for investors and global affairs, and Zika, which compiles his research, interviews, and personal experiences on the Zika virus.